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Enter Symbol:
 
Patterson-uti Energy, Inc. (PTEN) [hlAlert]

Rating:
Buy PTEN
down 40.48 %

Patterson-uti Energy, Inc. (PTEN) rated Buy with price target $30 by Canaccord Genuity

Posted on: Friday,  Feb 4, 2011  8:25 AM ET by Canaccord Genuity

Canaccord Genuity rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 02/04/2011, when the stock price was $25.32. Since
then, Patterson-uti Energy, Inc. has lost 40.48% as of 11/30/2015's recent price of $15.07.
If you would have followed this Canaccord Genuity's recommendation on PTEN, you would have lost 40.48% of your investment in 1760 days.

Patterson is one of the leading providers of domestic land drillingservices to major & independent oil & natural gas companies. The Company focuses its operations in Texas & southeast New Mexico. The Company currently has a drilling fleet of 114 drilling rigs, 108 of which are currently operable. The Company is also engaged in the development, exploration, acquisition & production of oil and natural gas; however, due to the substantial growth in the Company's drilling contract operations, the oil & natural gas operations are no longer material to the Company's overall operations.

Canaccord Genuity’s global team of over 100 research professionals are inquisitive, experienced and committed to generating actionable investment ideas. We analyze over 725 companies in a broad range of market sectors, identifying value and defining risk for our clients.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/4/2011 8:25 AM Buy
None
25.32 30.00
as of 12/30/2011
1 Week down  -2.25 %
1 Month down  -4.94 %
3 Months up  15.22 %
1 YTD down  -21.09 %

(*) Stock Price at the time of the recommendation.
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